Zhou’s Arrest Linked to Pension Fund Scandal – Winny Wang

From Shanghai Daily:

Shanghai property tycoon Zhou Zhengyi was arrested on Sunday after prosecutors found evidence linking him to the , Shanghai People’s Procuratorate said yesterday.

Prosecutors discovered that Zhou was suspect of bribery and falsification of value-added tax invoices during their investigation into the city’s pension fund scandal, the Procuratorate said.

Zhou is still wanted by Hong Kong’s Independent Commission Against Corruption, which accuses him of rigging stock prices when he controlled the then Hong Kong-listed Shanghai Land Holdings Ltd, a subsidiary of Nongkai.[Full Text]



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